The USD/JPY pair fell hard during the course of the day on Wednesday as the Federal Reserve announced its monetary policy, suggesting that perhaps they will have to be patient for longer than anticipated about rate increases. Because of this, the market punish the US dollar, but we are testing the 120 level at the time of writing. With that being said, we think that there is still probably an uptrend in a fact, but we may have to be patient and wait for a supportive candle in order to start buying.
